Oman: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Oman

The Omani market for vacuum pumps and air or gas compressors surged to $X in 2022, rising by 78% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Oman

Exports of vacuum pumps and air or gas compressors from Oman fell notably to X units in 2022, dropping by -41.9% compared with the previous year's figure. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 855% against the previous year. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, exports of vacuum pumps and air or gas compressors dropped notably to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 508% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

The United Arab Emirates (X units), the United States (X units) and Egypt (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Oman, together accounting for 62% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +91.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the United States ($X) and Iran ($X) constituted the largest markets for vacuum pump and air or gas compressor exported from Oman worldwide, with a combined 65% share of total exports.

The United States, with a CAGR of +95.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price showed a moderate expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 232% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Oman

Imports of vacuum pumps and air or gas compressors into Oman surged to X units in 2022, picking up by 61% compared with the previous year's figure. Over the period under review, imports recorded a slight increase. The growth pace was the most rapid in 2015 when imports increased by 108%. Over the period under review, imports of attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of vacuum pumps and air or gas compressors surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 79%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and India (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Oman, together accounting for 62% of total imports. Germany, South Africa, Qatar, Japan, the United States, Brazil, Sri Lanka, Thailand and Luxembourg lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +83.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Oman, comprising 23% of total imports. The second position in the ranking was held by Germany ($X), with a 9% share of total imports. It was followed by China, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.1% per year) and China (+4.7% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, declining by -10.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+56.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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